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Overview: Enabling Innovation for the Digital World Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, shortening the path to boundless connectivity anywhere in the world to enable the innovations that enrich our work, life and planet. Equinix combines a global footprint of International Business Exchange TM (IBX ) and xScale TM data centers in the Americas, Asia-Pacific, and…
$1050.77
$17.27 (-1.62%)
Price from 2 days ago
20.05% operating margin is above average. ROIC at 6.36%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 5.4%, steady but not accelerating. Free cash flow declined 319% despite revenue growth, conversion is weakening.
At 73x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 319% versus the prior year, cash generation momentum has weakened.
72.7x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$9.44B
▲ +5.4% YoY
Net Income (TTM)
$1.42B
▲ +65.6% YoY
Op. Margin
20.85%
▲ +4.9pp YoY
ROIC
5.61%
▲ +2.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$998M
▼ -318.6% YoY
Op. Cash Flow (TTM)
$3.82B
▲ +20.4% YoY
Net Debt
$20.45B
Cash & Equiv.
$3.05B
5Y CAGR: +9.0%
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